Gwendolyn J Petway, Listing Office: Plum Tree Realty, LLC
Fairlawn Housing Market Report December 2024•Summit County, Ohio
Housing Prices in Fairlawn, OH
How much do homes in Fairlawn, OH cost?
Housing Market Conditions
Is Fairlawn, OH a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Fairlawn is a Seller's Market
Difference Since December 2023
Since last year, Fairlawn has remained a Seller's Market.
Insight
Fairlawn is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$305,750$139/SqFt
+$38,750
+14.5%
Based on all homes sold in the last 12 months
Insight
Homes in Fairlawn have sold for 14.5% more than they did a year ago.
Summary: The median home sold price in Fairlawn was $305,750 in December 2024, up 14.5% from last year, and the median price per square foot was $139.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Bath Township | $450K | $525K | +16.7% |
| Akron | $125.2K | $145K | +15.7% |
| Fairlawn | $267K | $305.7K | +14.5% |
| Copley Township | $320K | $317.5K | -0.8% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 44 Bedrooms | $431K | $369K | -14.4% |
| 33 Bedrooms | $261K | $300.2K | +15.0% |
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $185.5K | $196K | +5.7% |
| 55+ Bedrooms | $795K | $550K | -30.8% |
Summary: Fairlawn housing price by bedroom type for December 2024, compared to the previous year. The home price for 4 bedroom homes decreased by -14.4%. The home price for 3 bedroom homes increased by +15.0%. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +5.7%. The home price for 5 bedroom homes decreased by -30.8%.
Housing supply in Fairlawn, OH
How many homes are available in Fairlawn, OH?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 23Last MonthDec 2024 | ||
| 312 months agoNov 2024 | -25.8 % Change MoMNov – Dec |
Summary: The Fairlawn real estate market had 23 homes for sale in Dec 2024, a 25.8 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 5Last MonthDec 2024 | ||
| 102 months agoNov 2024 | -50.0 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 44 Bedrooms | 6 | 4 | -33.3% |
| 33 Bedrooms | 15 | 9 | -40.0% |
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 7 | 7 | 0.0% |
| 55+ Bedrooms | 3 | 3 | 0.0% |
Summary: Fairlawn housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 4 bedroom homes decreased by -33.3%. The inventory for 3 bedroom homes decreased by -40.0%. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Fairlawn, OH cost?
Over Asking Price0 Home
At Asking Price1 Home
Under Asking Price4 Homes
Insight
If you're buying a home in Fairlawn, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Fairlawn in December 2024, down by 50.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and and 0% were sold over asking.
Days on Market for Fairlawn, OH
How long does it take to sell a home in Fairlawn, OH?
Breakdown of Home Sale Times
Under 30 Days1 Home
30 – 90 Days1 Home
Over 90 Days3 Homes
Insight
Most homes in Fairlawn are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During December 2024, 5 homes were sold in Fairlawn; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 79 DaysThis YearDec 2024 | ||
| 48 Days1 year agoDec 2023 | +65.8 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Fairlawn had an average listing age of 79 days in Dec 2024, up by 65.8% compared to the previous year.
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Newest Listings in Fairlawn, OH
What homes are available in Fairlawn, OH?
Backup offers
$6,709 Closing Credit¹
Amanda S Pohlman, Listing Office: Keller Williams Living
$4,608 Closing Credit¹
Jessica L Elzholz, Listing Office: RE/MAX Crossroads Properties
$2,672 Closing Credit¹
Jennifer A Royce, Listing Office: High Point Real Estate Group
Backup offers
$2,078 Closing Credit¹
Carol A Herzing, Listing Office: Russell Real Estate Services
$3,146 Closing Credit¹
Anthony R Latina, Listing Office: RE/MAX Crossroads Properties
Ryan Shaffer, Listing Office: EXP Realty, LLC.
$5,932 Closing Credit¹
Laura Ross, Listing Office: Keller Williams Elevate
$10,000 Closing Credit¹
Cassie Testa, Listing Office: Testa Real Estate Group
$8,894 Closing Credit¹
Ryan T Plowman, Listing Office: Plowman Properties LLC
$7,303 Closing Credit¹
Jessica Nader, Listing Office: RE/MAX Crossroads Properties
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MLS Disclaimers and Copyright
Based on information from MLS Now, for the period 01/01/2023 - 01/01/2025
Copyright 2025 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 4:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.